Mastodawn

Block lays off 40% of workforce as it goes all-in on AI tools
CEO says "most companies are late" to realize how much technology will affect employment.
https://arstechnica.com/ai/2026/02/block-lays-off-40-of-workforce-as-it-goes-all-in-on-ai-tools/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

Show thread

Dave SH

@arstechnica yeah this has nothing to do with consumer spending plummeting in the USA impacting small businesses - or the customers of Block's devices and services.